| Structured Settlement Financing A Structured Settlement is a method of paying damages to a plaintiff (injured party) over a period of time when a lawsuit is settled. Personal injury cases typically result of: => Product liability => Motor vehicle collisions => Wrongful death => Medical malpractice => Class action awards In such cases, the parties involved often agree to have damages paid over a period of years rather than in one lump sum. The damages are usually funded in the form of an annuity contract issued by an insurance company. Structured settlement annuities differ from other types of annuity payments in that they are not subject to income tax. This factor lessens the complications involved in purchasing them and makes them more accessible to an investor or funding source. However, because the insurance company owns the victim's annuity (payment stream), payment is received over a long period of time, on a restricted schedule of disbursement. The rapid growth in the use of structured settlements to settle cases is a result of changes in the tax code that permits insurance companies to discharge judgments and receive favorable tax treatment. Banks, savings and loans, credit unions, and other regular financing sources have steered clear of funding structural settlements because of the legal expertise that is required in transacting them. This is where we come in... Individuals may benefit from selling structured settlement payments if they need or want access to their cash now rather than later. Receiving payments over time may have been in your best interest at the time of the award, but circumstances might have changed since then. In addition, the dollar amount awarded in the personal injury case may have been high, but the monthly payments of the settlement may be relatively small. Cashing in all or a portion of the payments for a lump sum may make better financial sense. You may need to access future settlement payments in order to meet a variety of needs such as: => Pay medical bills => Investments => Buy a new car => Buy a new home => Start a new business => College tuition costs => Go on vacation => Retire => Money is worth more today then it is tomorrow Whatever your reason is for cashing out, the bottom line is it's your money and you might as well make the most of it while you can. You don't have a contract to live forever... |
| FREE, No Obligation Consultation! Contact the Professionals at Trinity Capital Finance Today @ 817.887.3594 or on our Toll-Free # 1.888.303.2820 |
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| Trinity Capital Finance "Providing Capital for Growth and Success. . ." |
